Chams, Ardova, Top Gainers‘ Table As NGX Rebounds With N14b 

The Nigerian Exchange (NGX) on Wednesday gained N14 billion as market capitalisation closed at N26.531 trillion from N26.517 trillion recorded on Tuesday. 

Also, the All Share Index (ASI) increased marginally by 10.25 basis points or 0.02 per cent gain to close at 49,171.70 as against 49,161.45 posted the previous day. 

A breakdown of the price movement table showed that Chams topped the gainers’ table with a gain of eight per cent to close at 27k per share. 

Ardova Plc trailed with a gain of 7.42 per cent to close at N13.75, while Sovereign Insurance rose by 3.57 per cent to close at 29k per share. 

Conversely, Japaul Gold &Venture led the lossers’ table, dropping by 10 per cent to close at 27k per share. 

Royal Exchange followed with a loss of 9.8 per cent to close at 92k, while Consolidated Hallmark Insurance declined by 8.62 per cent to close at 53k per share. 

RTBriscoe decreased by 8.57 per cent to close at 32k, while Fidson fell by 7.54 per cent to close at N9.2 per share. 

Analysis of Wednesday’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions decreasing by 25.36 per cent. 

A total of 101.57 million shares valued at N1.20 billion were exchanged in 3,981 deals compared with 139.24 million shares valued at N1.60 billion exchanged in 3, 421 deals on Tuesday. 

Guaranty Trust Holding Company (GTCO) recorded the highest volume of 14.34 million shares to close at N259.04 million, followed by Zenith Bank which traded 11.56 million shares valued at N228.91 million. 

FBN Holdings sold 6.28 million shares at N61.23 million and Transcorp transacted 6.2 million share at N6.27 million. 

Also, Chams sold 5.7 million share worth N1.48 million. nan